For the last few months, a technology known as quantum computing has started receiving a lot of attention. As is often the case when new subject matter enters the spotlight, people try to figure out how to invest in this technology,

D-Wave Quantum's valuation model suggests potential 25-35% annual returns in base and bull cases. See why we are neutral on QBTS stock.

This is what's happening on Wednesday, as quantum computing investors cheer some kind words from Microsoft's strategic missions and technologies chief, Mitra Azizirad, who last night urged quantum investors to get ready, because "we are right on the cusp of seeing quantum computers solve meaningful problems and capture new business value."

Quantum Computing Inc. (NASDAQ:QUBT) shares are trading lower in the premarket session on Wednesday. The company announced a private placement offering of 8.16 million shares of common stock at $12.25 per share.

Canadian pension manager PSP just sold nearly 20 million shares of quantum-computing firm D-Wave. It plans to sell another 20 million.

Quantum Computing didn't have any news of its own to report, but the company is even smaller than D-Wave, with less than $1 million in revenue over the last four quarters. Its stock has soared even higher than D-Wave's over the last year, a disconnect that could lead to a continued decline in Quantum Computing's shares.

Interactive Brokers highlighted investors snapping up quantum computing stocks such as IonQ (NYSE:IONQ) over the past frenzied week in the space. IonQ (NYSE:IONQ) and D-Wave Quantum (NYSE:QBTS) ascended into the fifth and 13th spots on the trading platform’s 25 most-active symbols over the past week,

Rigetti Computing and D-Wave Quantum, the second- and fourth-biggest gainers in the Russell 3000 Index on Tuesday, were up 22% and 24%, respectively. Peers Quantum Computing and I